Israel-based Bank Leumi will pay $1.6m (£1.3m, €1.45m) and admit wrongdoing to settle charges from the US Securities and Exchange Commission that it provided investment advice to US customers for over 10 years without registering as an investment adviser or broker-dealer.
American asset manager Cohen & Steers has initiated a fresh push into the UK investment market and plans to launch two new funds as part of the effort.
Rathbones asset allocation strategist Edward Smith has argued that investors should “pay close attention to the insidious creep of protectionism, as US politicians and elsewhere look to harness the disenfranchised.”
The US Department of Labor’s planned RDR-style rule change on providing investment advice for retirement planning, will have a major impact on investment flows, fund management giant BlackRock said in its quarterly results statement on Tuesday.
US-headquartered SEI is to close its office in the Dubai International Financial Centre next month and will service its Middle East clients from London.
Offshore law firm Collas Crill and British Virgin Islands firm Farara Kerins are to merge with effect from 1 January 2017, subject to regulatory approval.
The market has set corporate America a low hurdle in the upcoming Q3 earnings season according to NN Investment Partners.
David Coombs, head of multi-asset investments at Rathbones and senior research analyst Mona Shah have co-authored a report making the case for US equities versus their European counterparts.
The Federal Reserve’s decision announced on Wednesday to keep rates on hold has left investors waiting to see the outcome and market impact of the Presidential election before a rate rise is put back on the agenda.
Recent moves in the US suggest that the country is bringing in its own version of the retail distribution review “through the backdoor”, according to Capgemini Consulting’s Rod Bryson.
With central banks in the spotlight this week JP Morgan Asset Management has warned it is important that the Federal Reserve does not overreact.
The brouhaha over Hillary Clinton’s pneumonia is just the latest sideshow in the US presidential election circus. While it is unlikely to derail her campaign, it has served once again to highlight the fact that a Trump presidency remains a possibility and markets are increasingly concerned.
The sell-off over concerns that the Federal Reserve may raise rates on 21 September could develop into a good buying opportunity if economic growth persists, according to Trevor Greetham, head of multi asset at Royal London Asset Management.
The US Securities and Exchange Commission has settled charges against two investment advice firms after some clients were unaware that they were being charged more than the single fee they were paying for investment services.
European investors have been dismissing US equities as too expensive for a couple of years. But as the S&P 500 continues to outperform other equity markets, appetite for the asset class is again on the rise.
An Israeli judge has ordered that the state suspend work on the implementation of America’s foreign account tax compliance act (Fatca), a move welcomed by deVere Group chief executive Nigel Green.
A US bankruptcy court hearing into Providence Financial Investments, the Miami-based parent of Providence Global which was wound up in Guernsey last month, was told by the firm’s chief restructuring officer, who examined the books, that “nothing in this company is working”.
Thirteen financial advice firms have been fined a combined $2.2m (£1.7m, €1.9m) by the US Securities and Exchange Commission (SEC) for making false claims in relation to the ill-fated ETF manager F-Squared Investments, which filed for bankruptcy last July.
Axa has won a landmark court case in the US against investors who accused the French insurer of charging excessive fees on variable annuity products.
Axa Wealth International on the Isle of Man has been...
The Portuguese government is looking at plans to introduce...
Merrill Lynch, one of the ‘big four’ investment banks...
US-headquartered SEI is to close its office in the...
More than three in five UK adults with assets above...